In the months to come, the European Union plans to introduce legislation which will require technology companies to comply with laws aimed at tackling child sexual abuse, said a top EU official. In an interview to Germany’s Welt am Sonntag… Read More ›
Regulations & Legal
Shimao Group Holdings places all real estate projects on sale to raise cash
In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
Blackstone to invest $3 billion in Invenergy Renewables Holdings LLC
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
USTR expresses strong US support for Lithuania following economic coercion by Beijing
In a statement U.S. Trade Representative Katherine Tai expressed strong U.S. support for Lithuania in the face of “economic coercion” from Beijing during a call with EU Executive Vice President Valdis Dombrovskis. The development assumes significance since this is the… Read More ›
Surge In Electric Car Sales In The UK In 2021 But Wide Market Hit By Chip Shortage
Electric car sales increased dramatically last year in the United Kingdom, although the market as a whole did not rebound completely from the Covid-19 pandemic hit. According to the Society of Motor Manufacturers and Traders, more electric cars were registered in 2021… Read More ›
Taiwan To Create A $200m Fund To Invest In Lithuania Amid China Row
As it tries to ward off Chinese diplomatic and trade pressure on Lithuania, Taiwan has announced the establishment of a $200 million fund to invest in the Baltic state. Taipei has stated that it plans to make its first investment… Read More ›
Bitcoin’s Price Might Go Over $100,000 If It Replaces Gold As A Store Of Value, According To Goldman Sachs
With investors becoming more amenable to digital assets, Goldman Sachs Group predicts that the cryptocurrency bitcoin will continue to eat into gold’s market share. The likelihood of bitcoin’s value breaking beyond the $100,000 barrier has increased as a result of… Read More ›
Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Jury finds Elizabeth Holmes, founder of Theranos, guilty of defrauding investors
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
Germany will offer tax relief to companies and individuals worth $34.1 billion from 2023
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›